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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: oldcrow who wrote (16569)	12/30/1998 9:03:00 PM
From: The_Guru_00	Read Replies (3) \| Respond to of 27307

Alwayslate, Lots of questions. Here we go. Sell-off on 4th caused by combination of increasing concern about bubble and portfolio mgrs. Do you agree it is a bubble, and are you more concerned now vs. 24-hours ago that it might pop? Portfolio managers know it is a bubble that will not endure through 1999. They also care about one thing and one thing only - their compensation which is tied directly to their performance. Having a big position in these stocks early in the year is way too risky. Having it tomorrow is good because they will look smart when the annual reports are printed. Get out early. I think Yahoo will split. I think they will beat expectations. I think page views may be down vs. September. Won't really matter when downgrades occur. You must realize that the investment banks are very concerned about the legal exposure to the hype that is occurring. Cover your ass. Wishful thinking? Maybe. Earnings, whether real or fake (i.e. Softbank) must be huge to support 30 billion market values. In fact, I would argue it is better to have no earnings and a dream than be tied to some meaningless (and small) EPS figure each quarter. Earnings after market on 12th. Yahoo will not team with TWX, guaranteed. Time Warner has content. They don't need to overextend into a rich portal. If they want in, join with excite or lycos. Much cheaper and willing to negotiate. Yahoo has hung their hat on their "open" architecture. I guess we will see tomorrow about the AOL announcement. Odds are it will be negative for Yahoo, not positive. AOL increasing in strength is not good for Yahoo. They hate each other. Listen to their investor calls. I will be willing to wager any amount of money that Yahoo will never be in the S&P 500. They added Firstar (a bank) today. All you have to do is read the Meeker letter to get a feeling why S&P won't touch with a 10-foot pole. I am out of Pepto Bismol. On to Scotch. Guru.

To: oldcrow who wrote (16569)	12/30/1998 9:46:00 PM
From: Dave Mansfield	Read Replies (2) \| Respond to of 27307

I'll take a stab at this one. >>Say, SI, or Guru, let's hear some reasoning for the proposed sell-off on the 4th...are we talking simple tax maneuvering, or are you arguing that the end of the "nets" (as we know it) is at hand?<< Tax sell-off is part of it. Read some of the old posts on this thread where people who are long have said they'd like to delay taxes until next year. Second point. Look at the mutual funds which own this stock. To make it on their year end statements, they've got to own it on 12/31/98. If they sell before that date, their shareholders will not see their beloved Yahoo on that statement. After 12/31/98 those same mutual funds will be able to tell their shareholders what a great job they did by holding it in 1998. Then they've got to think about 1999. Got some pretty big gains on Yahoo. Should we lock them in and sell a significant portion of our holdings or should we roll the dice again and hope for another 200, 300, 400, 500% gain and pray that there's no significant fall-off? Tough question. But if any of them start selling and that combines with individuals that were trying to delay taxes until 1999 then look out. Bottom line the short term upside looks pretty limited, the short term downside? Hmmm? Let me try this link to an interesting story/theory. money.go.com

To: oldcrow who wrote (16569)	12/30/1998 11:22:00 PM
From: Smart Investor	Read Replies (1) \| Respond to of 27307

The reason for a possible crashing is not by small investors. It is the insiders and large holders (e.g. Softbank, Morgan Stanley, YHOO management, etc.) are anxious to lock in their profit. They "worked hard" to get YHOO to this insane level, and more and more people are starting to see this (as described in Guru's Dear Meeker letter). Therefore, their "hard work" (you know what I mean) may not work anymore in the future. They got to collect those BILLIONS before they disappear.